In what appears to be a change of direction from mortgage brokering to a MoMiles focused social media company, the penny stock of Mopals.com Inc. (OTC: MOMO) is officially on watch. With the same proven and benevolent CEO still at the helm from when the Company was listed as a multi-million dollar mortgage brokerage firm, MortgageBrokers.com Holdings, Inc. (MBKR), MOMO stock made it clear on Friday that’s ready for action. While the need for another social media website is equal to that of a 2nd toilet bowl in the bathroom, this one might actually have a story worth buying into — atleast at first.
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MOMO Stock Quote
Market Cap: 10.26M
Issued and Outstanding: 51,294,993
Insider Holdings: 41,857,800
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CEO, President, and founder of MortgageBrokers.com Holdings, Inc., Alex Haditaghi, was so convinced that MoPals, Inc. was worth the exchange, that on March 26, 2013, a share exchange agreement was entered into and 50,000,000 shares of MOMO stock were issued to acquire 100% of the issued and outstanding equity securities of MoPals. Now Haditaghi is no fool – he immediately transferred the remaining assets of the mortgage business to his transferred to MortgageBrokers.com Canada Inc., despite the fact that revenues declined dramatically from 2011 numbers when the business booked $13,498,395 in revenues.
Haditaghi has a business relationship within his community which can be looked upon as one of the few who did not forget where he came from or how he got there. Just 5 months ago, the mortgage broker made it a point to be on the front lines of giving back to the community when he personally helped to deliver 1,400 turkeys to the same outreach program that helped his family to adjust to troubling times when they emigrated to Canada.
As for MoPals.com and what to expect from MOMO stock, you really couldn’t have picked a ticker with a better subliminal message behind it. MoPals is designed in a way that it will be able to integrate with all major social media sites, such as Facebook, Twitter, LinkedIn, Instagram, and Pinterest. Unlike Daily deal sites, which may cheapen a brand and threaten the business’s bottom line, MoPals’ offers businesses performance-driven campaign results with a tangible Return on Investment.
Whether MoPals.com can kick it off into the already saturated social media industry, or if their reward loyalty program can gain enough interest to warrant popularity, MOMO stock, in and of itself, looks to be as thin as can be. While Haditaghi indirectly controls 41,857,800 shares of MOMO (81.16% of the issued and outstanding), a public float of less than 10 million may be all that’s needed for traders to see for this new ticker to kick off.
About MOMO Stock
Mopals.com Inc. , an emerging social media loyalty program focused on brand ambassadorship, big data, and machine learning, is a development stage social media loyalty platform that provides a means to monetize the social influence of its members and partners.
Last 5 Trading Sessions:
MOMO is a well deserved addition to the list of penny stocks to watch as we exit April and enter into May. With Friday’s mid-morning announcement that trading has commenced on the OTC, MOMO stock should be within days of seeing some increased MM activity pre-market to indicate the official launch of this low-float fresh ticker.
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